23 SEPTEMBER AUCTION RESULTS
The continued need for social distancing and increase in local lockdowns has proven the value and benefit of changing to virtual, online auctions.
These have proved to be popular with both new and existing clients and are set to continue for some time to come allowing purchasers to bid from the safety of their own homes by phone, proxy or online.
Smith and Sons Autumn sale attracted a great deal of
interest from local, regional and international buyers with bids received from
both the UK and abroad.
The removal of Stamp Duty for the time being has stimulated interest and sales at prices well in excess of the guide prices were achieved under the electronic hammer.
Approximately £1 million was raised with particular interest shown in houses requiring refurbishment, residential investments and development land.
A property at Seven Acres Lane in Thingwall sold for £182,000 against a guide of £120,000 and houses in Liverpool, Birkenhead, Wallasey and Prenton obtained prices between 15 and 20% above guide.
Residential investments offering strong yields attracted lively bidding producing a very attractive return of 14%.
Development land situated close to the Wallasey docklands sold prior to auction and a combined commercial and residential investment went for £112,500, well above the guide of £90,000.
We are now taking entries for our last sale of the year in December with a closing date of October 30th.
To taKe advantage of the buoyant market and to maximise value through the auction process, contact Annette Shelley on aas@smithandsons.net or ring 0151 647 9272 and we will arrange for a free , no obligation appraisal.
